Dutch government pledges $222M for AI innovation

The announcement was made in a publication outlining the government’s strategy for taking advantage of generative AI systems such as ChatGPT while protecting against risks.

The government of the Netherlands will set aside 204.5 million euros ($222.07 million), according to a Jan. 18 announcement from the Ministry of the Interior and Kingdom Relations. The funds aim to foster local investment in artificial intelligence (AI) and help the Netherlands “not to remain stuck on the sidelines” when it comes to AI.

The announcement states that Asia and the United States have taken the lead in the use of responsible generative AI, with the Dutch government aiming to position the Netherlands and the European Union competitively and set the course for developing the technology.

The government also plans to organize campaigns to educate people on protecting data from generative AI. There is also an ongoing inquiry into creating a secure and functional national AI testing facility for public use.

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Source: https://cointelegraph.com/news/dutch-government-222m-local-ai-innovation